电动垂直起降（eVTOL）峰会：阿彻航空着眼于从硬件向软件的转变

USA | Aerospace & Defense ElectronicsEquity ResearchJune 5, 2025 Sheila Kahyaoglu *  | Equity Analyst+1 (212) 336-7216 | sheila.kahyaoglu@jefferies.comGreg Konrad, CFA *  | Equity Analyst+1 (212) 284-2391 | gkonrad@jefferies.comEllen Page *  | Equity Associate+1 (212) 323-3381 | epage@jefferies.comKyle Wenclawiak *  | Equity Associate+1 (212) 323-7671 | kwenclawiak@jefferies.comeVTOL Summit: Archer Aviation Eyeing A ShiftFrom Hardware To SoftwareWe hosted Adam Goldstein, Founder & CEO of Archer Aviation Inc. 1) Thedefense opportunity revolves around moving to unmanned solutions, but civilhas the potential to be adopted by a larger crowd; 2) Current aviation isconstrained by hardware, but software will become more of the conversationin the future. 3) The UAE is emerging as a leading adopter of eVTOL, acting asa sandbox for early stage implementation.Building The Future For Vertical Life For Both Civil And Defense. Archer’s civil aircraft is calledthe Midnight, and it is designed to oper